St George To Launch Non-Advisory Stockbroking Service

St George Bank has announced it has signed an agreement with HSBC which will provide St George with an outsourced, non-advisory stockbroking service. The service to be known as “St George Quicktrade”, is expected to be launched in October.

St George Quicktrade will be a St George branded and tailored version of HSBC’s non-advisory stockbroking service, InvestDirect. It will offer customers access to an Internet based broking service linking them directly to the Australian Stock Exchange, as well as access to a call centre facility.

Customers will be able to conduct Australian equity transactions in real time and receive stock quotes, morning and afternoon commentaries, as well as portfolio management and “watch list” facilities.

Details of pricing per trade or any access fees have yet to be released.